Kuni CHS'
                                                                                                 Kasturi Mahal CHS, opp' Kiran



@ HnT#=:Ht?i*9i;
                                                                               Ollice : 101/New
                                                                                              -C"uf"
                                                                               f.l""i Hrtt*"v        Offi"", N"nOluli Bo"d'
                                                                                                                     Mob. : +91 8879334484
                                                                              @m,




                                                                            FORM-3
                                                                   [see Regulation 3]

        ( To be submitted at the time ol Registration
                                                                 of Project and for withdrawal of Money from designated Account
                                                                                                                                             )
Date: 31.12.2024
I ().
Jay Ashapura Developers                                                .:

Donrbiv'li

Subicct: CcrtificaLe o[ Financiei] progress of Work of
                                                       H R Heishts having MahaREM' Registration Number
P517OOO7661O dcveloped by M/S Jav Ashapura
                                               Developeri =
Sir,
'l'his ct:rlillcare is bcirrg issucrl for RERA
                                               compliance for the H R Heiehts having MahaRERA Registration
Applied bcing devel.ped by M/s Jav Aslrapyra Developers                                                     Number
beforc mc and expranations pr:ovided to *" uy trr. *Eog.;;
                                                                  La i" u.""a on tnJ records and documents produced
                                                                 of the Firm.

                        Table A - Estimated cost of the project (at the time of
                                                                                                  Registration of project)

                                                                                                                                 Estimated Cost
                                                                                                                                 (At the time of
                                                                                                                                 Registration of

             Value Of the land ers zrscertain.d f,
         b. Estimated Amount
         fungiblc arca, and an.1' rtthcr incentive/concession in deficiency                                                             65,92,295
                                                                            under DCR from Local
         Arrthrrrity rrr statc c,vr:rnment Administr:rtion or any statutor!
                                                                            Authority.

           . IJstimatccl Amoullli
                                 -.'::,:::Y,::,"1:1,,r.", the Staie o. centrJ cou".,,*..,t,
           :l:"i:-o^:;::r"::::
         cluty, translcr                                                                    Lwards stam
                         chargcs, rcgistration fees, Ltc,; aind
         c. Estimatccl Lancl pr"
         rt:rlcvr.lrrltrnr:nI of Izrn<l owrIr.rl bV fiuhlic irttIhoritir:s.
         l'. Urrrlt:r Ilr:lrlllilitul iorr
         (i ) tistimrrtcrl construr:lion cost
                                              "
         inll'ilsrructurc f<rr tltc silmc as ccrtified by Engineer

        rem,vzrl ol legal/illegar                    cost fcrr provirring
                                'ccupants,                  r"-pu."ry ,io;;;; ;:ffi;i:'i:;::t;j
        l::::1",,::,:::.:,::l:,T::T:li:!i,overhead.coJ,,     o."o"ni" payabre to srum dwelers.
                                                                              "; s;;;;;;;;;; ;""*ffi;,:;
                                   or appropriate authority
        ]l,i'illi::X,1li:::::]tl::
  (iii) Dstinralcd cost ol'ASR linl<ccl premium, fccs, charges ancl security deposits or
  rrtirilllt:tlitttt:t-'dcposil, or iuly Elrrrotu'rt r,vhatsocvcr payable to any authorities towards and in
  proic<'l of rclrirbilitirl ion.
  (iu) Arl.1'othcr Qost irtr:11111i11* intcrcst cstirnntcd on the borrowing done specifically for
  ('()nstruclion ol rclrrrllilitrrliou cornnorrr:nl
       -Total of LAND COST

  ii.       Dcvcloprrrcrrt Cost/ Cost of Construction :
 rr. l'lslittr;tlltl ('osl rrl'('ottstructiotr rrs r.Crtit'it:Cl bV prrgi.C,cr
                                                                                                                                       470,00,000
 l). ( ()sl lll('tlrrt'(l ol1 rr(l(lltl()11{tl itctns not incluclcd in cstimatcd cost (As per engineer
 ccrt ili('{rlc}
 t..IlstitllrllcrlEx1rtlrrrlitrrr."k,..lc,
 lrcr (i) rtbovc, i.c'. slrLrrics, consultants fees,. site ovciheads, development works, cost of
 st'rt'it'cs (irlr:lrrding Nitt('r, clcctricity, scivcragc, clrainage. layout roacls
                                                                                     etc.), zrbsorbed cost                             1,92,96,490
 lrrllribtttrtblt' 1o lhis Prrr.ic<:t) o[ tnachincrics ancl cqr.ripment including its hire and
                    .tr...-
                     rirx('s.
                          -   ('('sr'i' rcr:s, 6'11i11-*"s, prcmiums, intcrest
                                                                               ctc. payable            to any statutory
t'. Irrtr'rr:sl ltnt'ablc t,, ti,i
                          or r)rorlcv lencicrs on construction funding or money borrowed for
l]i:]i::ll]:l]
constl'Ltction INBFC)
Sub-Total of Dev

Total Cost of the project lnstirnatea
" Pass'l'hnrtigh chargr:s or indircct taxes l-rot
                                                  included i,@
"*Estimatcd c<.lst sl-rall ltc rcvised through correction application

                       Table B - Actual cost Incurred on the project (as on Date of
                                                                                                              certificate)

                                                                                                                                    Arnount (Rs.)
                                                                                                                                      Incurred
 :,. )',,1u., O1'thc I,rr-rd ,.," jr"e,:rtaiircd f
ir. It-tcttrn:rl Amounl ,1-Pn:miumst,rn@
                                                                              additional FSr Ju"glfle
 tr-ca, at'td an-\, other in<:r'r-rtivc / concession in deficiency
                                                                   uncler DCR from Local Authority or
                            lninistr?ltion or Any Stnttt
c. Incurrcd Expcndirr-rrc frrr Acqul"ltiirn of TOE
<1. Aln.unts paid t. S',.,t(., G.,
                                       ,1,.,h. sr^rc .r centrar Governmenr, towarcls stamp
:l],,:"1..::,,::l]jl?:.1iylll,l,ll                                                                           dury, transfer
                                                      mcnt of land orvncd               blic authoritie.s.
{i1 Irrr:urrcrl cxpctrdi{.urc [r.rr c<lnstruction cost of rehabilitatiu,-r
lir consjrlr.rr
                                                                                          truffi
(a}Ct,rstitrt:urrc<lf<lrcrltlstructirrnofrehabilitatio"bu
infrrrslnrr:lrrre frrr lhr. srrllt'irs cr:rtifit:d i)\, nngineer.
,]]l]i,.:]l..:.:,31l,:;,i,i,:,,):]i,'crlnstructirlnu|.*

rr[             ti'l<:y',iif illtrg,trl ,t:ctt1)auls,                                                                      lg cos
     't'rtrrrv;rl                                    cost for provicling tcrnp,liary transit accomrnoc*rtion
11'lll   i'r lir:tt of''l'rirnsit At'crrtnmorlittion, ovcrlrcacl cost, iin,oui,t"                               or
                                                                                  poi,r,u slurn clrvellers.
                                                                                              ;';;   Ji.l',,n,. n
ilr/' rrrrl rrfrrnzl,,l.l,.,.,,,r  ..-- -..^
(tii)lnr:ttrrcriIixptltrtiit.t,...l.,*,,,                                                            ",;;;;..
or ltt;tiltltlttitllr:r'<it:111;1,11, (,1'.ttl.y irrtroultl
                                                              rvltirtsoevcr llitytrtrlt: t. ittry attttroritics torv*r.s
                                                                                                                           and in
@,.-
(/ul Ar rJ',,it xrIliTlll.l,
                                                                                    .'"""tr
;-+ J-l                       ll]]rtlttllgl t rtrp,rrcrrt                                              =,
       .)    Development Cost/ Cost of Construction :
             (i) Estimatcd for Consructio
            (a) constrLlctlon cost rncurred includin                                                                   1.31.40.0(x)
            ccrtificd b1' Enginecr

             o, .t\crual uost oI consirructlen lngLIIlqd as per the books of accounts as veritled by the CA
            (lllUoStlncurrectona(1'ctltIonalltemSnotinclud
            ccrtificate)
            (iii) lncurrcd Expctrrlittrrt' lor dcvclopment of entire project
                                                                               excluding cost o[construction AS
            1lt'r (i) abovc, i.c., stll;rries, consuitants fees, site overheads, development works, cost of
            scrviccs (incltrding wirtcr, clectricity, sewerage, drainage. layout roads
                                                                                          etc.), absorbed cost
            (attlibutable to this prrjcct) ol machineries and equipment
                                                                           including its hire and
            rnaintcnance costs, consumables etc.
            [rv, iltcurrco Lxpenolturc 'l'axes, cess, fees, charges, premiums, interest etc. payable to any
            Statutor]'Authority
            r, ,,,\ L,r, \_rr L^lr(;tt(,..1I-c towards lnterest to Financial institutions, scheduled banks,
            lrirnl<irre iltancial ir.rslitr.rtion (NBFC) or
                                                                                                            non-
                                                             money lenders on constn-lction lunding or money
            l rot'r1tu,cd ft rr constrttr:tion

                           v^ ye   y Lru   r.rrrclrL   w()sf
                                                                                                                       1,31,40.Ooo
   3                                                           [surrEu as on oaf,,e oI certurcate)
   4
                                                                                                                       1,95,22,29s
                                                                        ano uonstructlon Cost to the Total Estimated
            Cost (Table A).
            ,r,,,\,1{,rL \arrrLrr uirlr rJ(: \vtLnorawn Irom tne Destgnated Account                                         24.67"/"
   5
            Lt'ss: Arrrount
                                                                                                                       L,gs,22,2gs
   6
   7        Nct Arnount lVh
          ccrtificatc
'Pass tl:rr(/ulirr urrdrlius ur rn(lrrcct taxes nor lncluctect rn rncurred cost of tlre project                        L,85,22,295
                    .:
             o cosr are as pcr ctlscussron and informatiolpgcv:(leclj.(hjro moter




                                                                                                              ffi
                Tablc C - Stotcrrrcnt for cnlculntlon of Rocclvablce from the Salcs of the Real Estate ProJect

 9_ot4_l !tq!intqry


                                             Cnrpct Arcn
                                                                      Unlt Conslderatlon
    S, No.                 FInt No.                                  trs pcr Agrccnrcnt /              Recelvcd Amount   Balance Receivables
                                             (l rr.sq. rrrtrs)
                                                                     Lcttcr of Allotcment
            I         lil,rt No I t)    I               1)().:lu     Allotctl'l'o Lirttrlorvn<:r
                      l.l,rl Nrr lt)-l                  2().50       r\lkrtctl'['o [,;r nrlrrrvncr
                      l'lrrl Nrr 11).1                  2().tilr     Allol t'rl'fo [,rr rrrlo'"vnr:r
                      lilitt No.ltt.l                   ')(),r.->o   Allotcrl'l'o [.trn<lowncr
       .1             l;lrrl Nu ,lO.l                   29.85        Allotc<l'fo [-ir ndo',vncr
       {l             ["lirt No ,1O"]                   2().50       Allot<:rl 'l\r Lirnrlowncr
                      l"lal No tro.l                    29.85        Allotcd'lo Lltnrlowncr
                      I'-litt No ,.O l                  2().3tt      AIlot ctl'l'o [,trnrlorvncr
                      l"lirt No irO l                   2().38       AIlotc<l To [,artrlorvncr

                                                     266.t9
     Note        Nil Unit considcnttion arc thc flats alloted to Land Owners in line with development
                 ogrcmcnt fr-ct.()[cost

ll-nspl {-lr!yS!t_Eo-ry'


                                             Carpet Area              Unit Consideration
    S. No.                 FIat No.                                       as per Ready
                                             (ln.sq.mtrs)
                                                                         Reckoner Rate
            I         Shop No 0.1                       10.91                          4,22,O47
        ,)
                      Sl'rop 1\() o2                    14.O7                         10,60,146
        1             Slrop Ntr o3                       t4.o7                        10,60,146
        t             Shop No O4                        10. l8                         7,67,O43
        :l            Shop N,r ()5                       14.7t1                       I I . 13 ,643
                      IrLrl n*o ll() I                  2(l.3ti                      22,t3,724
                      l"llit n.-r; .)()'-2              29.50                        22,22,766
        li            I"lll No 2()ll                    29.fJ5                       22,49,l38
        <)
                      Flat n*rr .',O I                  29.3rJ                       22,13,724
       l0             Flat No llo3                      29.rJ5                       22,4c),t38
       lt             Flat Nrt 4O I                     29.38                        22,t3,724
       IJ             FLr n*rr 5()'-2                   29..50                       22,22,766
       I:             l"lul No :,Oll                    29.fJ.5                      22,49,138
                      l:Ltl No {,li I                   29.3f'                       22,t3,724
                      lilal No Ir(.12                   29.5C)                       2'.2,2'2.7 66
       Ir,            I"l.r t Nrr 7()2                  29.50                        22,22,766
       tl             l"ll t Nu TOil                    29.tJ5                       22,49, 138
                                                     418.93                      3,15,65,539




                                                                                                                  w
                                                                                                                  6TEN
                            Table D - Comparison between Balance Cost and Receivables



       F)stim.terl Bitl:rn<.t, Cost to C
      lirt:rl l,lstimirtecl [\-ojcct cost less Cost incurred,l
      [Jzrllrncc u-o,
      this ccrtilic.te (.s ct:rrified by chartered Actountant
                                                               as verified          from the
      rcr:rlr<is :rnrl lrooks of'
      (i) Balance r."o,.,
      b.y CA from the rt:r:orrls and books
                                           of           .""ourrta)-
      (ii) Estimated Am()unI o,"
      (calculateci as pcr ASR multipliert
                                                     to unsolcl *'"u ." on the date o[
      r:t:rtilic.tc, to be t.:rlt:ulatctl
                                                   certified fr, Cnl as perTable C to this
      certificate                           ^n<l
      ,..r,,rr,.,t,.,
      Irrr ongoing proir:,r,* urr,'ul
                                            * tng project' Isum of 2 * 3(ii)[ (ToEe p'ffid
                                                                                                              3,15,65,538
      arnurr-r@
      IF 4 is greater than l, then Z0(2,
                                            ofthe balance receivables olongoing
      project rvill be d<:posire<l in clesignated
                                                          A"";;;i
      ll' 4 is l<'sst:r tlrir, 'r , tr-rc' 100'2, or the bzrrance
                                                                    reccivables ,r.ongoing
      ll|tliect rrrill llt: (lt'nositt,rl h rlr.sionntn,.l a^^^,,_+

                                       Table E - Designated Bank Account
                                                                                     Detalls


                                                                                               Details Actual Amount till
                                                                                               Date (From start Of bank




I lrt:re lly <r-"rtily that rt'<luired proportion o1' money,
prtrjt'ct ttt.tit .s indic.tt'rl i, T*ble c                  as specirierl in       collectecr from
                                                                              ou* Bank Account. arottees of the
                                            has been ,l.p"i;d i";".ig"i.I ]le_act,


:#:ly.;::*,,iill.(x"il:;1:;1,T::1|,1.#;Tl*::1:".,.,1il:T:fl;ffiTy,                                  as speci'ed in ,he ac,,
                                                Table F - Means of Finance

                                                             Estimated*         Proposed /
                                                             (At time of        Estimated           Actual
                                                            Regisrration)     (As on the clate   (As on the date
S. No.                       Particulars                       (ln Rs.)           Of the         of certificate)
                                                           (proposed and        certihcate)         (In Rs.)
                                                             Indicative)          (ln Rs.)
         vtvrl    r- qtl(l
                                                              1,20.00.000         1.20.OO.OOo         75,00.000
  2
         Drit'tvrlor,w avlilr.ri till rlar.
          .\,,1,. rr\,.ru\\(_(r rUnOS
                                          lUnSeCUfed)
 4
         !.aryd-n*,l,tyilt]ll,t r i l.l .lat"                                                       1,10,22,295
 5                                                            6,30,78.78s        6,30,78,78s
 6                                                            7,50,78,785        7,50,78,785        1,8s,22,295
                                                              7,50,78,785        7,50,78,785

                                Table G - Any Comments/Observations
                                                                                of CA




                                                                             Yours Faithfully,
                                                                             For Nayak Deshpande
                                                                             Chartered
                                                                                                    ffi*\
                                                                                                    Y   \t'
                                                                               @/a'                      MRN


         Agrecd and Accr:ptcd.By
         I;or .Iiry Ashirpu ru Dcvelopers
                                                                            CA. Kiran Nayak
                                                                            Partner
                                                                            Membership No:. I
                                                                            UDIN:- 2SL
                                                                            Date: 15th May, 2O2S
                                                                                                    M
                                                                                                    \ rsggoa J'*


                 Jay AshaPLlrfr D*volopers
         Partner /-b
                       -//                  :Partn(